Night Trading – It’s For Anyone Who Works
We all know what day trading is. According to Wikipedia, day trading is “the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close for the trading day.” Well, that makes sense. If you are trading stocks on the New York Stock Exchange, the Market opens at 9:30am EST and closes at 4:00pm EST. So any positions that are both opened and closed within that time are considered a day trade.Sell Stock in Blocks!
I’ve been punished lately for my lack of discipline and execution on my exits, so it inspired me to write out some rules that I’ve neglected to spell out and prioritize. It’s not really that I’ve been bad about selling in blocks, it’s that I wasn’t executing properly and taking advantage of the benefits of breaking up your sells.The Nikkei Is Starting to Show Signs of a Bottom
It can be easy to remain bearish on Japan, as their economy has been mired with troubles since it’s peak in 1989, but their are some subtle signs that Japan could be attempting to put in some type of bottom. As a market technician, I’m less concerned about the macroeconomics of trading and more concerned with what the technicals are telling us.Stock Trader or Treasure Hunter?
For the past millennium, treasure hunting has been a popular human activity. While we may think of the activity as currently being relegated to archeologists and eccentric rich people with too much time on their hands, I propose that there’s a modern job that is actually another form of treasure hunting: stock trading. I speak from experience, because since early 2006, I’ve been a treasure hunter.E-Mini Trading: Learning to Trade With Range Bars
The vast majority of traders seem to focus their charting exposition on time-based trading bars. It seems to me that e-mini traders use time based charting techniques simply because they are popular, but it behooves a trader to explore other important and valid charting techniques that have some specific advantages in interpreting market data.